SPREADS Jan crush trades firmer to 1.28c/bu while oilshare trades to 31.11%. Dec/March corn trades weaker again, out to 6c carry from 5c. The Dec/Dec inverse trades from 11 1/2c down to 8 1/2c. Dec/March wheat trades from 2c to 2 3/4c carry. The Jan/March bean inverse continues to fade, trading down to 5 1/4c from 7c. Dec wheat/corn trades from 2.10 1/2c down to 2.00 3/4c. PALM OIL Up 29 ringgits, to 3,099 ringgits. Higher on expectations for supplies to tighten in Oct at 1.6 mmt and demand up 5.5%, written by one analyst. NEWS The Dow is up 200 pts with crude oil trading up to $38.92/barrel, and the US dollar down to 93.09. The US trade deficit rose in Sep. as exports continued to...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.